FM Global on Friday reported net income in 2014 fell 6.2 percent to $956.4 million and gross premiums earned decreased 1.9 percent, which the company attributes – in part – to the strength of the U.S. dollar.
more

Royal Bank of Scotland Group Plc, Britain’s largest taxpayer-owned lender, posted a seventh straight annual loss after writing down its U.S. unit and forecast higher restructuring costs as it shrinks its investment bank.
more

Personal auto insurance companies increased rates by an average of 2.3 percent nationwide last year, and Rhode Island was among the top five states with the highest overall increases, according to a Perr&Knight’s RateWatch.
more

Royal Bank of Scotland Group PLC will write down the value of its U.S. unit, Citizens Financial Group Inc., by about 4 billion pounds ($6.2 billion) next week, a person familiar with the matter said.
more

(Updated, 12:55 p.m.)
Santander Bank has reached an agreement to change the way it screens applicants of checking and savings accounts amid concerns the current practice is slanted against low-income consumers.
more

Get the most up-to-date data on the Rhode Island and southern Massachusetts business community from the PBN List Center. Download and purchase PBN Lists as well as the complete Book of Lists in Excel format.